Short Interest in easyJet plc (OTCMKTS:ESYJY) Decreases By 81.9%

easyJet plc (OTCMKTS:ESYJY) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 4,943 shares, a drop of 81.9% from the July 30th total of 27,279 shares. Based on an average daily volume of 33,923 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ESYJY. UBS Group downgraded easyJet to a “neutral” rating in a report on Tuesday, June 30th. Citigroup restated a “neutral” rating on shares of easyJet in a research note on Monday, July 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of easyJet in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded easyJet from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Finally, Barclays reissued an “overweight” rating on shares of easyJet in a report on Monday, June 15th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Institutional Investors Weigh In On easyJet

Hedge funds have recently modified their holdings of the stock. Capital Square LLC acquired a new position in easyJet in the 2nd quarter valued at $201,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in easyJet during the 2nd quarter worth $612,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of easyJet in the 2nd quarter worth $305,000. 0.01% of the stock is owned by institutional investors and hedge funds.

easyJet Trading Down 0.4%

Shares of ESYJY stock opened at $9.14 on Wednesday. The business’s 50 day moving average is $8.33 and its two-hundred day moving average is $6.55. easyJet has a twelve month low of $4.57 and a twelve month high of $9.25.

easyJet Company Profile

easyJet plc, trading on the OTC Markets under the symbol ESYJY, is a British low-cost airline headquartered at London Luton Airport. As one of Europe’s leading short-haul carriers, the company operates a network of scheduled services, offering point-to-point flights across more than 30 countries. easyJet’s primary focus is on delivering affordable, no-frills air travel to both leisure and business passengers, supported by ancillary offerings such as seat selection, baggage allowances, and flexible ticketing options.

Founded in 1995 by entrepreneur Stelios Haji-Ioannou, easyJet pioneered the budget airline model in Europe.